State Street said its SPDR bond ETFs were trading Monday although no orders would be accepted to create or redeem large blocks of shares.
The U.S. stock market was open for Columbus day although banks were closed along with the bond market.
Bond ETFs weren’t calculating net asset values on Monday because their underlying markets were closed for the holiday. They were trading at premiums and discounts to NAV based on speculation on where markets could open on Tuesday.
Full disclosure: Tom Lydon’s clients own TLT.